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Side-by-side financial comparison of Four Corners Property Trust, Inc. (FCPT) and RING ENERGY, INC. (REI). Click either name above to swap in a different company.

Four Corners Property Trust, Inc. is the larger business by last-quarter revenue ($78.2M vs $66.9M, roughly 1.2× RING ENERGY, INC.). On growth, Four Corners Property Trust, Inc. posted the faster year-over-year revenue change (9.4% vs -19.8%). Over the past eight quarters, Four Corners Property Trust, Inc.'s revenue compounded faster (8.4% CAGR vs -15.9%).

Four Corners Property Trust, Inc. is a publicly traded real estate investment trust that acquires, owns, and manages a portfolio of high-quality net-leased commercial properties. Its assets are primarily restaurant and retail locations across the United States, with tenants largely operating in stable consumer-facing industry segments with proven operational performance.

Siemens Energy AG is a German publicly traded energy corporation formed through the spin-off of the former Gas and Power division of Siemens, and it includes full ownership of Siemens Gamesa.

FCPT vs REI — Head-to-Head

Bigger by revenue
FCPT
FCPT
1.2× larger
FCPT
$78.2M
$66.9M
REI
Growing faster (revenue YoY)
FCPT
FCPT
+29.2% gap
FCPT
9.4%
-19.8%
REI
Faster 2-yr revenue CAGR
FCPT
FCPT
Annualised
FCPT
8.4%
-15.9%
REI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FCPT
FCPT
REI
REI
Revenue
$78.2M
$66.9M
Net Profit
$30.4M
Gross Margin
Operating Margin
55.3%
-37.6%
Net Margin
38.8%
Revenue YoY
9.4%
-19.8%
Net Profit YoY
16.0%
EPS (diluted)
$0.28
$-0.07

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FCPT
FCPT
REI
REI
Q1 26
$78.2M
Q4 25
$75.7M
$66.9M
Q3 25
$74.1M
$78.6M
Q2 25
$72.8M
$82.6M
Q1 25
$71.5M
$79.1M
Q4 24
$68.3M
$83.4M
Q3 24
$66.8M
$89.2M
Q2 24
$66.5M
$99.1M
Net Profit
FCPT
FCPT
REI
REI
Q1 26
$30.4M
Q4 25
$29.4M
Q3 25
$28.8M
$-51.6M
Q2 25
$27.9M
$20.6M
Q1 25
$26.2M
$9.1M
Q4 24
$26.2M
Q3 24
$25.6M
$33.9M
Q2 24
$24.7M
$22.4M
Operating Margin
FCPT
FCPT
REI
REI
Q1 26
55.3%
Q4 25
-37.6%
Q3 25
-70.0%
Q2 25
28.4%
Q1 25
28.3%
Q4 24
28.3%
Q3 24
33.4%
Q2 24
42.2%
Net Margin
FCPT
FCPT
REI
REI
Q1 26
38.8%
Q4 25
38.9%
Q3 25
38.9%
-65.7%
Q2 25
38.3%
25.0%
Q1 25
36.6%
11.5%
Q4 24
38.3%
Q3 24
38.3%
38.0%
Q2 24
37.1%
22.6%
EPS (diluted)
FCPT
FCPT
REI
REI
Q1 26
$0.28
Q4 25
$0.27
$-0.07
Q3 25
$0.28
$-0.25
Q2 25
$0.28
$0.10
Q1 25
$0.26
$0.05
Q4 24
$0.27
$0.03
Q3 24
$0.27
$0.17
Q2 24
$0.27
$0.11

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FCPT
FCPT
REI
REI
Cash + ST InvestmentsLiquidity on hand
$29.6M
$902.9K
Total DebtLower is stronger
Stockholders' EquityBook value
$1.7B
$836.3M
Total Assets
$3.0B
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FCPT
FCPT
REI
REI
Q1 26
$29.6M
Q4 25
$12.1M
$902.9K
Q3 25
$6.7M
$286.9K
Q2 25
$6.0M
Q1 25
$22.3M
$1.1M
Q4 24
$4.1M
$1.9M
Q3 24
$44.5M
Q2 24
$17.2M
$1.2M
Total Debt
FCPT
FCPT
REI
REI
Q1 26
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.2B
Stockholders' Equity
FCPT
FCPT
REI
REI
Q1 26
$1.7B
Q4 25
$1.6B
$836.3M
Q3 25
$1.5B
$847.7M
Q2 25
$1.5B
$897.9M
Q1 25
$1.4B
$876.0M
Q4 24
$1.5B
$858.6M
Q3 24
$1.4B
$851.3M
Q2 24
$1.3B
$817.4M
Total Assets
FCPT
FCPT
REI
REI
Q1 26
$3.0B
Q4 25
$2.9B
$1.4B
Q3 25
$2.8B
$1.4B
Q2 25
$2.8B
$1.5B
Q1 25
$2.7B
$1.5B
Q4 24
$2.7B
$1.4B
Q3 24
$2.6B
$1.4B
Q2 24
$2.5B
$1.4B
Debt / Equity
FCPT
FCPT
REI
REI
Q1 26
Q4 25
0.74×
Q3 25
0.79×
Q2 25
0.81×
Q1 25
0.84×
Q4 24
0.78×
Q3 24
0.84×
Q2 24
0.92×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FCPT
FCPT
REI
REI
Operating Cash FlowLast quarter
$44.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FCPT
FCPT
REI
REI
Q1 26
Q4 25
$192.3M
$44.7M
Q3 25
$48.9M
$44.5M
Q2 25
$43.8M
$33.3M
Q1 25
$51.6M
$28.4M
Q4 24
$144.1M
$47.3M
Q3 24
$43.4M
$51.3M
Q2 24
$39.7M
$50.6M
Cash Conversion
FCPT
FCPT
REI
REI
Q1 26
Q4 25
6.53×
Q3 25
1.70×
Q2 25
1.57×
1.61×
Q1 25
1.97×
3.11×
Q4 24
5.51×
Q3 24
1.70×
1.52×
Q2 24
1.61×
2.26×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FCPT
FCPT

Rental revenue$69.8M89%
Restaurant revenue$8.4M11%

REI
REI

Segment breakdown not available.

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